Saxo Bank vs Forex.com
| Saxo Bank Review 2023 | Forex.com Review 2023 |
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4
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4.5
Forex.com is #1 in our broker rankings. |
 Traders from US not accepted
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Traders from US accepted |
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Saxo is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC. |
Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders. |
| 66% of retail accounts lose money. | |
| Bonus Offer | |
| Active Trader Program With A 15% Reduction In Costs | |
| Comment by Reviewer | |
| "Saxo is best for active traders and advanced investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders." | "Forex.com is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Futures, Options, Warrants, Crypto | Forex, Spot Metals |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | |
| Trading Platforms | |
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| Payment Methods | |
| Debit Card, ACH Transfer, Wire Transfer | |
| Minimum Trade | |
| Variable | 0.01 Lots |
| Regulator | |
| FCA, DFSA, MAS, SFC | NFA, CFTC |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| No | Yes |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | Yes |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| SaxoTraderGo (iOS, Android, Windows) | iOS & Android |
| Auto Trading | |
| Excel Automation via OpenAPI | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes | SMART Signals |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $15 | |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Saxo Bank offers a secure and reliable way to trade 8,800+ CFDs spanning forex, stocks, indices, commodities, options and bonds. The broker's extra features include a trading academy, powerful charting and analytical tools and trading signals, helping it stand out from many alternatives. | CFD trading not offered |
| Leverage | |
| 1:30 (Retail), 1:66 (Pro) | 1:50 |
| FTSE Spread | |
| 1.2 pts (Variable) | 1.0 |
| GBPUSD Spread | |
| 0.7 (var) | 1.0 |
| Oil Spread | |
| 0.03 | 0.04 |
| Stocks Spread | |
| 0.10% (subject to min commission) | 0.1% (Min Commission Applies) |
| Forex Trading | |
| With around 190 forex pairs and spot metals, 140 forwards, top-tier liquidity, fast execution and spreads from near zero, Saxo Bank offers exceptional flexibility and value to forex traders. Advanced charting from TradingView is another plus for active forex traders. | Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k. |
| Forex App | |
Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. |
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| GBPUSD Spread | |
| 0.7 (varies by region) | 1.0 |
| EURUSD Spread | |
| 0.2 (varies by region) | 1.0 |
| EURGBP Spread | |
| 0.6 (varies by region) | 1.0 |
| Assets | |
| 40+ | 80+ |
| Cryptocurrency | |
| Saxo Bank offers BTC, ETH and LTC in CFD pairs against USD, EUR and JPY for shorter-term trades, as well as 12 funds tracking popular cryptocurrency price movements for longer-term trades. | Crypto trading not offered |
| Spread | |
| Variable | BTC 1.4%, ETH 2% |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| 66% of retail accounts lose money. | |
| More Comparisons | |
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Saxo Bank vs |
Forex.com vs |